Industries Where the World’s Billionaires Got Their Money
It turns out that a number of sectors are better suited to creating billionaires than others. In short, the idea that it does not matter what you do but where you do it from is no longer relevant due to the recent studies on the super rich. Top of the world’s richest personalities tend to partake in business activities that are related to certain industries. Next is a look at some of the industry types that you should think of in case you wish to follow the footsteps of the world’s top billionaires.
A majority of the super rich in the world work in the finance and investment industry. Besides, it is a sector where men and women have an equal chance of becoming super wealthy. 267 billionaires of the total 1,810 that are in the world are known to derive their status from working in this sector. Financial technology services; better known as fintech is to credit for the rise of this industry. Interestingly, fintech will continue to dominate since it has disrupted the traditional finance and investment way of doing business and is offering better solutions.
The fashion and retail sector is the number two producer of the super wealthy that are in the globe. There are 221 billionaires in this industry who account for approximately 12% of the total.
In real estate are 163 personalities who made it to the list of world super rich. The property types that seem favorite in this regard are those of a commercial type since they are the sources of the most income. Entry into this sector is not easy for many due to the heavy capital investments involved.
Since the demand for products keeps on rising, an investment in manufacturing is one that could make you a billionaire one day. With 157 billionaires who have made it big in this sector, you too have something to look forward to by taking this route. Just like in real estate, the capital requirements in manufacturing are quite substantial.
The top are four of the top industries that have created the current crop of billionaires. However, there are others that have also made significant contributions to making some people wealthy, and these are energy, media and entertainment, telecommunications, food and beverage, and healthcare. An important point to note is that many of those who set up businesses that have made billions for them never had such ambitions at the onset. Their primary motivation was to solve problems or venture into something they really enjoyed. It is after nurturing their ventures and working hard that they soon became top in their leagues in terms of fame, cash, and quality.